2014 News and Media

WageRoller Launched

Just Cash Flow PLC has added a new product to its expanding portfolio of facilities designed to help UK businesses fund their growth.

The WageRoller product works in the same way as a traditional bank overdraft with no interest being charged unless you draw down. In these scenarios, interest is then charged on a daily basis. There is also a small facility fee for the flexibility of the WageRoller facility.

John Davies from Just Cash Flow PLC explains the intentions behind the product's creation, "Business owners tell us that their number one concern is potential cash flow problems” caused by unexpected delays in customer payments.

He added: “However, the real fear is suddenly not being able to pay staff and the impact this would have on their reputation and staff morale."

An example of the Wageroller being utilised would be in the circumstance of a company having a £10K weekly wage bill and is also concerned that one of its major customers may not pay on time. If that business then requested a drawdown of £10K from the WageRoller facility, it would have access to the funds on the same day.

Typically a daily interest rate of 0.1 per cent is charged, meaning the business in question would be paying £10 a day.

John believes that this represents the perfect scenario for the product, with it being likely that a customer payment will be received days later.

He said: “You pay the wages and have happy and content employees. Your customer also pays you late that afternoon which means you are able to repay the £10K that day. The business has managed its cash flow problem and not paid a penny in interest."

"Feedback tells us that the WageRoller will be a popular product given the time and uncertainty surrounding getting traditional banking finance in place if you hit a sudden bump in the road, " says John.

Alongside WageRoller, Just Cash Flow PLC also offers a Revolving Cash Facility and its newly launched PortfolioBuilder for established property businesses in the UK that own at least one or more commercial properties and need funds to support a refurbishment or to complete an existing development.

Date Issued 07 October 2014.

This article was originally published by B2B news portal Bridging & Commercial.

Follow @justcashflowuk on Twitter for more like this.

News and Media

Just scroll through the timeline for all our news and video.

2019

2018

2017

2016

2015

2014

  • Interview by Business Connections

    The Business Show 2014 Olympia

    Watch Now
  • Britain Means Business Interview

    John Davies talks about business funding

    Interviewed by Britain Means Business.

    Watch Now
  • Just Cashflow launches BDM recruitment drive

    As industry debates circulate about the value of the human touch versus technology, commercial lender Just Cashflow has proved its positioning on business relationships by prepping to recruit 8 more Business Development Managers.

    Read More
  • FeeRoller

    FeeRoller Launched

    For Professional Firms to cover late payment of fees to them OR for their clients so that they can pay their fees on time.

    Read More
  • With great funds comes great responsibility

    Alternative lenders such as Just Cash Flow are in a privileged and responsible position as we get to see the plans of businesses keen to invest and grow. Many are well thought out, based on...

    Read More
  • Education is key

    "Too many small businesses don't survive"

    Read More
  • MDDegree

    #MDdegree

    Just Cashflow's twitter interview with Bizitalk discussed whether a national qualification for company Directors should exist?

    Read More
  • So you want the cash?

    Then get credit worthy.

    Read More
  • A lack of knowledge can set alarm bells ringing

    Just Cash Flow PLC launched in the UK in early 2014. Marketing Director John Davies reflects on experience to date

    Read More
  • WageRoller Launched

    Just Cash Flow PLC has added a new product to its expanding portfolio of facilities designed to help UK businesses fund their growth.

    Read More
  • Just Cashflow smashes £3m milestone

    After passing £1 million in lending this June, Just Cashflow has now accelerated through the £3 million milestone in what is usually a quiet month for the industry.

    Read More
  • Financial Professional Show sponsor

    Just Cashflow has been revealed as the latest sponsor of the highly anticipated 2014 Finance Professional Show

    Read More
  • Just Cashflow hits £1m in deals

    Just Cash Flow PLC has announced it is celebrating its first million pound milestone, after only soft-launching in March.

    Read More